The term "economic rent" refers to payments
A. for the use of housing in company owned properties.
B. to owners of real estate.
C. equal to the opportunity cost of the use of land.
D. for the use of any resource above its opportunity cost.
Answer: D
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The theory of portfolio choice suggests that the most important factor affecting the demand for domestic and foreign assets is
A) the level of trade and capital flows. B) the expected return on these assets relative to one another. C) the liquidity of these assets relative to one another. D) the riskiness of these assets relative to one another.
Denise values a stainless steel dishwasher for her new house at $500 . The actual price of the dishwasher is $650 . Denise
a. buys the dishwasher, and on her purchase she experiences a consumer surplus of $150. b. buys the dishwasher, and on her purchase she experiences a consumer surplus of $-150. c. does not buy the dishwasher, and on her purchase she experiences a consumer surplus of $150. d. does not buy the dishwasher, and on her purchase she experiences a consumer surplus of $0.
Suppose the real exchange rate of 105 Japanese yen to the dollar changes to 115 yen to the dollar. In this situation, the dollar has _________________, making Japanese goods __________ expensive for Americans
A) appreciated; less B) appreciated; more C) depreciated; less D) depreciated; more
When an individual quits his job and decides to look for a new job immediately, the labor-force participation rate
A. stays the same. B. increases. C. decreases. D. may increase or decrease, depending on the length of time he/she stays at home.